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Accounting Information Systems for Local Farmers and Producers

Question: Discuss about the Accounting Information Systems for Local Farmers and Producers. Answer: Introduction JK Saddlery makes and sells saddlery and other rural supplies to local farmers and producers, as well as to tourists. However, JK does not like to spend money if he does not feel that he needs to. Therefore they employs only one cashier, who also does the banking. In this case, many different types of risks are present in their system. Only one employee control was cashiering and banking work. Therefore, the collected money can be stolen...

  • Published: 16 Dec, 2017
  • Views: 580

Managerial and Cost Accounting Toyota Motors Corporation

Question: Discuss about the Managerial and Cost Accounting Toyota Motors Corporation. Answer: Introduction This research paper outlines the roles of managerial accounting of a manufacturing company. To be precise, a case study of a Japanese company named Toyota Motors Corporation has been taken to analyse the various facets of this concern. The paper includes a brief overview of the company under study, its mission and vision statement and an outline of its line & staff function. It will be followed by ascertaining the value chain componen...

  • Published: 13 Dec, 2017
  • Views: 2404

Auditing and Assurance Services for Risk Avoidation

Question: Describe about the Auditing and Assurance Services for Risk Avoidation. Answer: 1: The main purpose of an insurance company is to deal with the risk factors as people do insurance to avoid future risks. A general insurance company has to face several risks in the market due to its operation in different risky areas. So it is very essential to assess the potential risks early and take necessary actions. This risk assessment process helps a company to avoid risks. There are some processes for the assessment of risk. HIH Insurance Limited was ...

  • Published: 11 Dec, 2017
  • Views: 535

Managerial Accounting for The Accounting Trick

Question: Describe about the Managerial Accounting for The Accounting Trick . Answer: Introduction This report is undertaken with the objective of understating the remuneration structure of the the top four banks namely Westpac, Commonwealth, National Australian Bank and ANZ in Australia to get an insight into the executive performance. The key executive of the company and his performance is directly linked with the remuneration he draws (Financial Review, 2015). The major emphasis in this report is to evaluate the remuneration drawn by the chief exe...

  • Published: 08 Dec, 2017
  • Views: 521

Development and Implementation of Accounting Software

Question: Discuss about the Development and Implementation of Accounting Software. Answer: Overview ERP is the industrial acronym for Enterprise Resource Planning. The ERP system being installed in the leading organizations has a prime aim of integrating myriads of functions of the organization into a single complete system so that the processes and information are effectively streamlined among all the participants of the firm. All the ERP systems have a centrally placed database that serves multiple purposes at a single time and could be effe...

  • Published: 07 Dec, 2017
  • Views: 527

Accounting Financial Analysis Report for Ethical Concern

Question: Discuss about the Accounting Financial Analysis Report for Ethical Concern. Answer: Ethical Issue The main ethical concern is seen in not disclosing the information for drawing of funds from the capital account. In the given case, Craig has bought a new house from the shared capital account of both his and Michelle. It is not ethical to withdraw funds from the capital account without informing of the drawing activities to all the partners of the business. Moreover, Craig consider withdrawing funds from the salary he receives or from his s...

  • Published: 07 Dec, 2017
  • Views: 514

Accounting Information Systems : Business Intelligence

Question: Discuss about the Accounting Information Systems for Business Intelligence. Answer: 1:What is Business Intelligence (BI)? Business intelligence is used to analyse data, it is a technology driven approach for presenting illegal information and help the business managers, corporate executives and the end users to take the business related decision efficiently (Chen, Chiang & Storey, 2012). The business intelligence consists of a set of tools, methods and application programs that helps the business organization to analyse, run queries a...

  • Published: 06 Dec, 2017
  • Views: 882

Strategic Information Systems: Financial Transactions

Question: Discuss about the Strategic Information Systems for Financial Transactions. Answer: Introduction Computers play an integral part in today's modern life by practically running almost everything. A computer runs programs that allow for smooth management of financial transactions. These programs significantly vary in scope; some of them are for more than just bookkeeping while others are designed to control the whole financial activities and operations of businesses.  Computers help companies to efficiently use their resources thus...

  • Published: 06 Dec, 2017
  • Views: 459

Role of Accounting Profession in Value Creation

Question: Discuss about the Role of Accounting Profession in Value Creation. Answer: Introduction Accounting Profession is one of the most learned and challenging profession in which a person popularly known as accountant measures, processes and communicates the financial information of an organization or a business firm about their economic activities. An accountant has very critical roles and responsibilities in a business organization as he has to perform accounting functions such as audits and prepare the financial statements which can be used...

  • Published: 05 Dec, 2017
  • Views: 596

Literature Review on Accounting Software/Packages

Question: Discuss about the Literature Review on Accounting Software/Packages . Answer: Yen et al. (2011) stated that accounting software is third party software, which is licensed and fulfil various business objectives and had been used by the organization from decades. Though the software has various advantages but in extracting benefit from third party software is always a challenge for organization. This report carries out the literature review on accounting software packages in Australia. Literature Review According to Pulakanam and Sura...

  • Published: 04 Dec, 2017
  • Views: 3671

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